Electronic Health Records Market is Estimated to Register a Promising CAGR of 5.

Posted by Sachin Darakhe on September 27th, 2019

Transparency Market Research reports the global electronic health records market to witness a remarkable growth in the coming years because of the fast growing digitalization. The market is very competitive with many players striving to get the dominant share in the market. The rise in funds for research and development activities in order to produce better results in terms of healthcare monitoring devices and especially electronic health records.

As per the records of TMR, the global electronic health record market is presumed to be valued at US.29 bn by 2025, with a healthy CAGR of 5.70% within the forecast period of 2017 to 2025. As per the segmentation by installation, the global market for electronic health record is expected to be dominated by the web based electronic health records segment because of the internet and software being a service segment. This is expected to increase the growth rate of the market in the years to come.

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  • Records Make it Easier for Doctors to Keep Check on Patient’s Medical History, thus propelling market

The main factors for boosting the electronic health record market is the rise in geriatric population and the increasing number of chronic diseases which needs electronic health record in order to keep check on their personal health and accordingly take medications. Other factors to accelerate the growth of the market is the fast developing healthcare sector and the government support it is getting in order to improve the infrastructural and medical scenario of the world.

The information presented above is based on the findings of a research report, titled, “Electronic Health Records Market (Installation Type – Web-based, Client Server-based, and Software as Services; End Users – Hospitals, Physicians Office, Ambulatory Surgery Centers) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025”.

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Sachin Darakhe

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Sachin Darakhe
Joined: August 12th, 2019
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